PEPE Price Alert: Meme Coin Teeters on Edge as Holders Capitulate and Momentum Craters
Frog-themed crypto PEPE faces a make-or-break moment as weak hands fold.
### Blood in the meme streets
PEPE''s chart flashes red as retail investors—shockingly—discover that gambling on internet jokes carries risk. The token''s 30-day performance now reads like a cautionary tale for degens chasing quick flips.
### Technicals scream danger
Key support levels loom below as trading volume evaporates faster than a crypto influencer''s credibility. The MACD histogram prints its most bearish divergence since the last ''buy the dip'' disaster.
### The great paper hands purge
On-chain data reveals a stampede of small wallets dumping at losses—because nothing builds diamond hands like watching your rent money evaporate. Meanwhile, the so-called ''community'' has gone suspiciously quiet on Crypto Twitter.
Will PEPE defy gravity or become another casualty in the meme coin graveyard? Either way, hedge funds are ready with the ''I told you so'' tweets—just as soon as they finish shorting it.
Pepe''s on-chain metrics signal waning investors'' confidence
Santiment’s Network Realized Profit/Loss (NPL) metric shows a bearish bias. The indicator decreased from 189,150 to -50.21 million between Sunday and Monday. This negative drop in the NPL metric indicates that PEPE''s holders, on average, are realizing losses, signaling a waning of investors'' confidence.
During the same day, Pepe''s supply on exchanges metric rose from 103.55 trillion to 104.12 trillion. This increase in supply on exchanges indicates that holders are moving Pepe tokens to exchanges, which could increase selling activity, further supporting the bearish outlook.
Pepe’s NPL and Supply on Exchange chart. Source: Santiment
IntoTheBlock on-chain signals summary, as shown in the chart below, also projects a bearish outlook.
Pepe Summary chart. Source: IntoTheBlock
Pepe Price Prediction: Momentum indicators show a bearish bias
Pepe price broke below its 50-day Exponential Moving Average (EMA) at $0.0000114 on Thursday and declined by nearly 9% until Monday. At the time of writing on Tuesday, PEPE is nearing an ascending trendline (drawn by connecting multiple lows since early April), coinciding with the daily support at $0.0000103, making it a key zone to watch.
If Pepe breaks below the ascending trendline and closes below $0.0000103 on a daily basis, it could extend the decline by 15% to retest its next daily support at $0.0000088. A successful close below this level could extend the decline toward $0.0000079, the next daily support level.
The Relative Strength Index (RSI) indicator on the daily chart reads 40 and points downward, indicating increasing bearish momentum. Moreover, the Moving Average Convergence Divergence (MACD) displayed a bearish crossover last week. It also shows red histogram bars below its neutral level, indicating a downward trend and further supporting the bearish thesis.
PEPE/USDT daily chart
However, if Pepe finds support around the ascending trendline and recovers, it could extend the recovery toward the 50-day EMA at $0.0000114.